Page 86 - Benefits Summary 2018-2019
P. 86

“That will never happen to me.”

        Having a family changes everything. First and foremost, it forces us to plan for the future… and even for events
        that may be inconceivable to us. While no one enjoys dwelling on harsh realities, purchasing life insurance may
        help to decrease anxiety you may feel about your family’s financial protection.


        Voluntary benefits.
        So important.





        your                                                                              Experts recommend
        annual                               5 X                             10 X         that you have at least
        income
                                         your annual                       your annual    five to ten times your
                                           income in                         income in    annual income in life
                                        life insurance                    life insurance
                                                                                          insurance protection.   1


        “But I already have life insurance.”                   “I don’t want to worry about keeping track of
        But do you have enough?                                another monthly bill.”
        Most people are confident with their decision to purchase   Your employer has made it possible for you to pay for
        life insurance to help with funeral expenses, estate   your coverage at group rates through convenient payroll
        administration costs, debts and medical expenses not   deduction. You may be able to take your coverage with
        covered by health insurance. When considering these    you if you change jobs. And in the event that you become
        costs, it’s vital to factor in expenses like your mortgage,   totally disabled, your coverage may be continued with no
        college tuition, a spouse’s retirement, and the cost of   premiums due.
        services you currently provide which may need to be    “What do I do now?”
        paid for in your absence (such as home maintenance,
        tax preparation, etc.) as well as hidden expenses      If you agree that you and your loved ones can benefit from
        currently paid for by your employer (such as healthcare,   this important coverage, it’s easy to get started. Simply review
        retirement funds and other benefits).                  the accompanying materials and complete the Reliance
                                                               Standard enrollment form supplied by your employer.
        Moreover, many people forget that certain life events
        result in an increased need for life insurance. For    If you have questions or require an enrollment form,
        example, your children may be getting closer to college   please contact your Benefits Administrator.
        age, your spouse may not be working, or you may be     Additional information to aid you in your life
        supporting aging parents.                              insurance purchase decision can be found online at
                                                               www.RelianceStandard.com/voluntarylife.
                                                               Why Reliance Standard?
                                                               You are buying Life insurance from Reliance Standard Life
                                                               Insurance Company, a national insurer in business for
                                                               over a century.


                                                                                    www.reliancestandard.com



        This information is not an insurance policy and does not describe the entire plan.  For more detailed information you must ask your employer’s Human
        Resources benefit manager. There is a detailed description of the plan’s provisions, limitations and exclusions in the Certificate of Insurance which is issued to
        you after your application is processed.
        The availability of the described products, benefits and features may vary by state.
        Voluntary Group Term Life Insurance coverage is underwritten by Reliance Standard Life Insurance Company and provided through policy form series LRS-
        8349, et al in all states except Maine, New York, Pennsylvania, Puerto Rico, South Dakota, Vermont, the U.S. Virgin Islands and Washington where coverage
        is provided as follows:  Maine, South Dakota and Washington through policy form series LRS-9419, et al; Vermont through policy form series LRS-8522, et al;
        and Pennsylvania through policy form series LRS-8800, et al.  Reliance Standard Life Insurance Company is licensed in all states, (except New York), the District
        of Columbia, Puerto Rico,  the U.S. Virgin Islands and Guam. In New York, insurance products and services are provided through First Reliance Standard Life
        Insurance Company, Home Office:  New York, NY through policy form series FRSL-8349, et al.
        RS-2083 (8/12)
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